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EURUSD Probes Below 1.1000 Support, Focus Turns Towards Post-Brexit Low

Discussion in 'Technical Analysis' started by Kaitlin, Jul 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Risk of further easing and return to post-Brexit lows increases, as the pair is in renewed attempt below psychological 1.1000 support which was cracked on Tuesday. Yesterday's long red candle and recent failure to sustain gains above 200SMA, generated negative signal. Near-term focus is turning towards initial support at 1.0970[​IMG]

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